WeedLife News Network

Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife News Network.
An Irish start-up has just raised $5.3 million (€4.5 million) in financing to provide loans to farmers in Ireland and across the world to encourage them to grow hemp for use in cannabidiol (CBD) products. Co Meath-based Greenheart CBD, which was founded by Paul Walsh and Mark Canavan two years ago, uses drones and artificial intelligence to help ma
Cash-strapped governments around the country have found a silver lining in the pandemic-caused loss of tax revenue. Legalized marijuana has provided millions to state and local governments - in some cases, millions more than anticipated. The ability to raise tax dollars has been a selling point for marijuana legalization from the beginning. Long be
In the 50 years since President Richard Nixon initiated the war on drugs, politicians of both major parties have endorsed aggressive police tactics and harsh punishments to combat substance abuse, and minority communities have disproportionately suffered. Black Americans are several times more likely than whites to be arrested for low-level marijua
Thailand will celebrate World Cannabis Day with a large convention in Bangkok, as the kingdom further relaxes laws regarding the use of hemp in food and cosmetics products. Some 50 booths will be set up for cannabis business owners to present their products and strategies. A networking event is scheduled on the first day, while a seminar with 14 in
For the first time legally, Colombia exported to the US an extract with a high THC (tetrahydrocannabinol) content, the main psychoactive cannabinoid derived from cannabis and a controlled substance under international treaties. On March 30th, the Colombian company NatuEra, a subsidiary of the Canadian Cronos Group, sent THC extract to the U.S. comp
The American Herbal Products Association (AHPA) has published a lexicon to support the standardization of terminology used in the hemp industry. As new industries develop, so does associated language and jargon. Sometimes words and terms used have different meaning when applied in other sectors, which can lead to confusion and mistakes being made.
Hemp cultivated for seed and grain comprised approximately ten percent of 2020 total U.S. acreage, approximately 14,000 acres, according to data provided by Hemp Benchmarks. By comparison, Canadian cultivators grew more than five times that acreage, beyond 75,000 acres, the vast majority of which were exported to the United States. Original link
People used cannabis in large numbers during the height of the lockdowns caused by the pandemic. Investors, including big-name celebrities and well-known venture capital funds, are banking on that trend to continue as the pandemic lessens its hold on the country. The interest in cannabis became apparent the moment lockdowns began as long lines form
At an annual growth rate of 20% per year, the marijuana industry has become one of the nation's fastest-emerging industries. Meanwhile, cannabis stocks have been giving back some mouthwatering gains to investors.  Original link
Florida officials are on “high alert” as THC edibles “are making their way into the hands of children and teens.” Of particular concern is the fact that the goods in question “bear a striking resemblance to ordinary candy.”Original link
A new bill to be introduced in Michigan would potentially stop cannabis businesses from being able to advertise on billboards.  State Representative Mary Whiteford, a Republican based in Allegan County, is one of the co-sponsors of the bill, standing against cannabis billboards alongside Democratic State Representative Abdullah Hammoud out of Dearb
Big tobacco has been behind the curve with the legal cannabis industry thus far and seems to be following the footprint of big alcohol. Companies such Constellation Brands, Inc. (STZ) and Molson Coors Beverage Company (TAP) have executed major agreements with Canadian LP’s that are starting to look like brilliant moves.  Big tobacco’s recent foray
Nevada’s economic development board approved $4.7 million worth of incentives on Wednesday for nine companies that are either moving or expanding operations in the state. The Governor’s Office of Economic Development estimates that the companies will create more than 1,300 permanent jobs across the state at an average wage of nearly $30 per hour. T
In order to firmly establish itself as a leading farm-to-shelf producer of hemp and CBD products, Green Gorilla has completed the arduous process of having its 1,474-acre farm in Arizona certified Organic under the U.S. Department of Agriculture’s National Organic Program (NOP). “It kind of puts us in a league of our own because there’s a lot of pe
They've never been higher. Oregon recreational marijuana sales have climbed to record highs, but some say the industry's woes also have reached an apex. The difficulties range from an unfavorable federal tax code to a dangerous crime wave, wildfires, and cities and counties hungry for a larger slice of the tax pie. "Businesses are still struggling,
While it may seem tempting to blast sales promotions and your new products online, stop. You can get red flagged or even have your account deactivated. Anyone who handles the marketing or social media side for a cannabis business can tell you that social media is a huge pain in the @$$. Original link